This from Daniel Fox-Davis on TG.
HTTPS://www.youtube.com/watch?si=PXfpfcD4GunxNg6H&v=OHEkRWyHPI0&feature=youtu.be
HTTPS://www.londonstockexchange.com/news-article/DGI/appointment-of-chief-technical-officer/16514668
As I have said a while back, we have been able to put ourselves right back to the natural fracture where we know the pressures. We would not be here without very prudent management and many knowledgeble oilies. The share price has moved up to this level to some degree based on what we have so far achieved. Next news could include confirmation of the production test timetable...and maybe a Salt Wash drill date? Price will move but won't move me. VBWMM.
And important to remember that the team have reverted to the successful drilling process that they used for the 16-2, although I have not found the RNS that mentions this. Rig 257 is also particularly well suited to the 36-2R drill. Good luck to the team and all holders here too.
The 7.4p target is where we were prior to the well control incident. The sell off from that high was understandable, although it took the awards of the permits to redrill (at 2.1p ish) to arrest this and the subsequent award of the contract to H&P to provide the momentum once again. LTH's are here, New investors are here and Traders are too, understandably. This is what makes a market. If it had only been LTH's buying more from the end Feb/early March (at the bottom) then the sp might not be moving at this speed. If I had to give an analogy I would say this ship is heading back to charted (but challenging) waters but with an improved crew aboard a better boat. Have a good weekend everyone whilst work continues in Utah.
It's a poorly written summary of the RNS and even gets Aldo's name wrong (Mr Bonito) more than once.
Looking forward to updates (on the 21st) regarding the imminent news flow that we all know about. BWMM.
Cheers Tim for that list. I am also very pleased to see the share volumes have been building. Although there have been some very chunky buys, all investments are serious for that individual no matter the size. The addition of our cornerstone investor (as a previous cornerstone loan provider) puts a whole scaffold of support to our capital requirements going forward in my mind. It's great to know what's being achieved over the pond whilst we enjoy a bank holiday weekend. VBWMM
Yep and how often do you see trends moving up but days/weeks/months prior to that see minimal volumes traded. There are opportunities when the share is bottoming that many only see in hindsight. I am very happy with this strength with what is to come. BWMM
PBH just this minute interviewed on R4 Today about this. 6.17am
JD...well put (excuse the pun). In a recent email to Colin I congratulated their decision to use H&P. I feel this has shows both H&P's confidence with their process as well as Zephyr's ability to remain focussed on safe delivery and ultimately production.
This is so very important as a milestone to tick off and will no doubt form the backbone of tonights chat. BWMM
HTTPS://www.londonstockexchange.com/news-article/CTL/pilot-plant-producing-first-lithium-chloride/16385576
20.03.2024
CleanTech Lithium PLC ("CleanTech Lithium" or the "Company")
Pilot Plant Commences Operation with First Lithium Chloride Eluate Produced
CleanTech Lithium PLC (AIM:CTL, Frankfurt: T2N, OTCQX: CTLHF), an exploration and development company advancing lithium projects in Chile, announces that the operation of the Company´s pilot plant has commenced and is producing lithium chloride eluate from the Direct Lithium Extraction (DLE) process.
Pilot Plant Highlights:
· Commissioning phase of DLE pilot plant completed and operation underway
· Brine from the Laguna Verde project is being fed into DLE columns where lithium chloride is extracted onto the adsorbent, before desorption with water to create a purified lithium chloride eluate
· First production of eluate was completed in the past week
· A reverse osmosis unit at the pilot plant will be used to concentrate the eluate
· The pilot plant has a design capacity of 1 tonne per month lithium carbonate equivalent (LCE) as concentrated eluate
· The concentrated eluate will be shipped in batches to North America for conversion into battery-grade lithium carbonate
· The Company will determine the appropriate volume of each batch based on end user requirements and conversion cost considerations
· The Company has engaged Conductive Energy for the conversion, utilising standard industry processing steps
· The pilot plant will be used for process optimisation and product verification and will provide important input into the Pre-feasibility study (PFS) currently underway for the project
· Operation of the pilot plant will place CTL among a small number of companies in the lithium exploration sector to produce meaningful quantities of battery grade product at pilot scale
· Samples of the product will be made available to potential strategic partners such as major auto and battery manufacturers, in preparation for off-take agreements
Commenting, Aldo Boitano, Chief Executive Officer, of CleanTech Lithium PLC, said:
"I am very pleased to inform the market that our pilot plant has commenced operation with the first volume of lithium chloride eluate produced. Batches of concentrated eluate will be shipped to North America to be converted into battery grade lithium carbonate by a third-party processor. This pilot plant plans to produce significant quantities of battery grade product for evaluation by potential strategic partners, making CTL one of the few companies in the sector to produce pilot scale volumes of battery grade product. The pilot plant positions CTL as a leader in the sector and in Chile, with first eluate production representing a significant milestone for the Company."
Further Information
The Company´s pilot plant, which is located at the Company´s R&D Centre in Copiapó, some 250km from Laguna Verde, underwent an extended commissioning phase which is now co
Could you post the telegram link here please :)
Hi SG...could you post the link for DGI Telegram please. BWMM
The share price visiting the 2's has taken away all the gains from me but (whilst frustrating) means it has hovered around my average price from the last 2 years. This is a comfort for me and one of the reasons why I felt happy to buy initially. BUT since then we have added acreage, non-op income and had success with the drill bit (and I know some on here will find that statement odd). I did not expect all we were promised to come true without a hitch but the fact that we have been able to confirm hydrocarbons, used stimulation successfully and are nearer to the asymmetrical growth than we were is a big positive for me. If I did not already have a good % of my hard-earned here I would be buying, as this price was where I was buying from before. To put the events of this year in context, I wondered how differently we would find our share price if the blow out had not occured. Maybe not as high as we think due to the market. We would probably still have a well shut in awaiting production and flare limits to boot. Those are my thoughts and others may differ but, as I have said elsewhere, I have not altered my position and think 2024 will show more catalysts then we have seen for a while. Have a peaceful and happy Christmas all. BW MM.
HTTPS://twitter.com/tima441/status/1464473327247011840?lang=en-GB
Northern...my feelings too. Although I would not go as far as saying this year has been wasted (but I get the sentiment!), as it would imply nothing has been achieved. As I have said before, how the BOD drives this company and how they react to events is what I am focussing on. Don't get me wrong, I would have liked to be seeing the production at year end that we hoped for, especially from the Paradox. The Slawson income will be welcome in the meantime as we approach the redrill as well as further updates esp. BWMM.
Agree with your comments and many of the sensible posters. It is hard to be long term holder in companies when the unexpected happens. But what helps is that the company in question put in place mitigations for all eventualities. As I have said before, I rate the BOD and that is why this is still a core holding for me. I did not expect the share price to be back here but around this price is where I was picking them previously and that was three years ago...before we had drilled, proved up resources, non-op income, increased acreage and pipes nearby. Was I mad to buy back then? Is it a disaster that the share price gains have gone? I did not expect this to be a smooth ride but if I had not already bought the % I wanted I would be topping up with even more conviction. Just my view and we all have different prisms we look through. BWMM.